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date: 25 August 2019

Abstract and Keywords

This article provides a broad discussion of executive compensation and incentives, investigating whether outcomes are consistent with economic theory. The rest of this article is organized as follows. It discusses various economic approaches to executive pay. Then it investigates factors that have been driving the growth in CEO compensation. It provides a commentary on executive compensation and the recent financial crisis. A final section offers some concluding remarks.

Keywords: executive pay, CEO compensation, financial crisis

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